The Sherwin-Williams Company: EPS $3.63 vs $3.69 expected; revenue $6.86B vs $6.78B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 3.63 | 3.69 | −1.6% | 3.59 |
| Revenue (USD bn) | 6.86 | 6.78 | +1.2% | 6.36 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 27, 2026 | Q3 FY2026 | 3.63 | 3.69 | −1.6% | 6.86 | 6.78 | +1.2% |
| Jul 28, 2026 | Q2 FY2026 | 3.70 | 3.52 | +5.1% | 6.79 | 6.60 | +2.8% |
| Apr 28, 2026 | Q1 FY2026 | 2.35 | 2.27 | +3.5% | 5.67 | 5.56 | +1.9% |
| Jan 29, 2026 | Q4 FY2025 | 2.23 | 2.16 | +3.2% | 5.60 | 5.57 | +0.5% |
| Oct 28, 2025 | Q3 FY2025 | 3.59 | 3.45 | +4.1% | 6.36 | 6.20 | +2.5% |
| Jul 22, 2025 | Q2 FY2025 | 3.38 | 3.76 | −10.1% | 6.31 | 6.29 | +0.3% |
| Apr 29, 2025 | Q1 FY2025 | 2.25 | 2.15 | +4.7% | 5.31 | 5.40 | −1.7% |
| Jan 30, 2025 | Q4 FY2024 | 2.09 | 2.06 | +1.5% | 5.30 | 5.32 | −0.4% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
The Sherwin-Williams Company results: EPS $3.63 vs $3.69 expected; revenue $6.86B vs $6.78B. The results cover the company's Q3 FY2026. EPS came in below analysts' estimate by 1.6%; revenue above the estimate by 1.2%.
Revenue was up 7.9% from $6.36 billion a year earlier (Q3 FY2025). EPS was up 1.1% from $3.59 a year earlier. On its record, EPS topped analysts' estimates in 6 of 7 earlier comparable reports.
What the results mean
The Sherwin-Williams Company combines paint and coatings manufacturing with distribution and sales, making customer type and sales channel central to understanding its business. Its paint stores serve contractors and homeowners, while its consumer brands reach customers through retailers and distributors.
Its industrial coatings business spans applications including wood finishing, automotive refinishing, packaging, and marine protection. Understanding revenue growth therefore requires examining the contribution of each business and how the mix of products and customers, alongside manufacturing and distribution costs, affects profitability.
What to watch on the earnings call: Discussion of demand among contractors, homeowners, and industrial customers merits attention, along with the contribution of different sales channels to revenue growth. Commentary on how product mix and manufacturing and distribution costs affect margins would also help explain how sales translate into earnings.
For the full analysis of The Sherwin-Williams Company stock — valuation, scores and financial statements — see the stock page linked with this story.